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Best Bank: Rabobank |
Although 2008 was difficult for the financial sector globally, Rabobank managed to realize a 2% rise in net profit to €2.8 billion. Return on equity was 9.7% and the liquidity position lost none of its soundness. Amounts due to customers were 10% higher, at €304 billion. Also, the bank maintained good access to the capital market.
Rising credit prices caused interest margins to improve, particularly for Rabobank International. The tier 1 ratio remained strong, at 12.7%. In October and November 2008, rating agencies Standard & Poor’s and Moody’s both reconfirmed a triple-A rating with a stable outlook.
The financial crisis and government interventions have brought great changes in the Dutch banking landscape over the past 12 months.